When a misstatement in the financial statements would affect a user's decision but the overall statements are still fairly stated,it would be appropriate to issue
A)an unmodified opinion.
B)a qualified opinion.
C)an adverse opinion.
D)a disclaimer of opinion.

Question

Quizplus · Accepted Answer

A misstatement that would affect a user's decision but does not materially affect the overall fairness of the financial statement would result in a qualification. A qualified opinion indicates that the financial statement is fairly presented, except for the specific matter emphasized in the opinion. Therefore, this option is the appropriate one.

When a Misstatement in the Financial Statements Would Affect a User's